Canada's Boutique-Broker Bust May Be Over But Lessons Remain
- Industry set for first gain in net registrations over 5 years
- Stock market operator looks for alternative sources of funding
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The crisis that wiped out a quarter of Canada’s independent brokers seems to have halted.
Four new firms signed up with the Investment Industry Regulatory Organization of Canada in the first five months of 2017 and only two deregistered. That compares with net dropouts over the last four years as plunging commodity prices and higher compliance costs favored big banks.